18-Unit Garden-Style Apartment
For Sale
Contact for pricing
274 McDonnell Ave, Biloxi, MS 39531
18-unit multifamily property built in 1999 with recent capital improvements, including interior updates and exterior renovations.
Property Size14,040 SF
Days on Market45
Property Features for 274 McDonnell Ave
General Information
Standard status
Active
Size
14,040 SF
Property subtype
Multifamily
Occupancy
59%
Additional Details
Business Included
Yes
Multifamily Units
18
Building Details
Building Size
14,040 SF
Year Built
1999
Units
18
Tenancy
Multi
Listing Agency:
(614) 551-0708
Listed By:
Andrew Mulhall
(614) 551-0708
Source:
Svn
Added: Jul 19
Changed: Aug 31
Last Checked: Aug 31 at 2:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Andrew Mulhall
Investment Insights
Based on property information with market context.
Blue Water Cove is an 18-unit, garden-style multifamily community built in 1999. The property recently completed a comprehensive capital improvement program and has been reconfigured to predominantly two-bedroom floorplans, with interiors updated to include new luxury vinyl plank flooring, stainless steel appliances, fresh paint, and updated fixtures.
Exterior improvements include all-new vinyl siding, modernized balconies with new railings, balcony repairs, and updated HVAC systems.
The recent renovation program adjusted unit mix from 3-bedroom to 2-bedroom layouts and positions the property for immediate operations with minimal deferred maintenance, based on the information provided.
Exterior improvements include all-new vinyl siding, modernized balconies with new railings, balcony repairs, and updated HVAC systems.
The recent renovation program adjusted unit mix from 3-bedroom to 2-bedroom layouts and positions the property for immediate operations with minimal deferred maintenance, based on the information provided.
Key Highlights
- 18‑unit multifamily property built in 1999
- Recently completed $315,000 capital improvement program with interior and exterior upgrades
- Unit mix includes predominantly 2‑bedroom layouts, converted from 3‑bedroom plans; average unit size about 780 SF
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
59%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 39531, MS
19,965
Population
9,660
Households
2.1
Avg Household Size
36
Median Age
34%
College-Educated
91%
High-School Grad
6.6 sq mi
ZIP Area
3,025
Density / Sq Mi
$54,599
Median Household Income
$37,293
Median Earnings
$1,066
Median Rent
$193,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 18-unit multifamily property built in 1999 with recent capital improvements, including interior updates and exterior renovations.
Where is this apartment building located?
The property is located at 274 McDonnell Ave Biloxi, MS.
What are key features of this property?
This property features: 18‑unit multifamily property built in 1999; Recently completed $315,000 capital improvement program with interior and exterior upgrades; Unit mix includes predominantly 2‑bedroom layouts, converted from 3‑bedroom plans; average unit size about 780 SF
